PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463787
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463787
Managed Detection and Response Market Size and Share Analysis by Service, Security Type, Deployment, Organization Size, Vertical - Global Industry Demand Forecast to 2030
Market Overview
The managed detection and response market size is estimated at USD 3,426.3 million in 2023, and it is expected to advance at a compound annual growth rate of 23.4% during 2024-2030, to reach USD 14,797.6 million by 2030. This is a very prominent factor in the growth of the market as it results from the growing usage of IoT platforms and other advanced technologies. Moreover, the importance of data real-time analysis is rising along with the increasing cyber threats that are aiding in the growth of this field.
Cyber-attacks are declining in extent, with the uptake in the complexity of IT systems. The already existing managed protection service providers are struggling to customize for the new environment and discover methods of counteracting the transformations as well as tackling the novel attacks.
Sophisticated solutions, comprising machine-learning and behavioral analytics as the backbones, are the state-of-the-art in cyber security services, as they not only provide the much-needed defines against threat actors, but also respond very fast to the emerging cyber-AI, by immersing automation, artificial intelligence, and real-time context into a low-cost ownership model. Companies have a big interest in utilizing AI, pattern recognition, and machine learning to change their list of security rules.
Key Insights
Threat detection dominates the industry because of the growing requirement to spot and avoid breaches early.
Threat discovery tools recognize anomalies, faults, and threats in network traffic for fast danger analysis.
The need is increasing for large-scale surveillance systems, propelled by geopolitical variabilities and terrorist activities.
Governments globally are executing guidelines for device and data safety, further driving the industry.
Threat discovery software adds context to security warnings, helping in effective risk management.
SMEs are projected to showcase quicker development because of growing cyberattacks and acceptance of enhanced technologies.
Implementing managed detection and response strategies enables organizations with SME assets to guard those assets ahead of stealthy threats.
Cybersecurity agencies are developing in-house solutions for small and medium businesses, e.g. the NTT cloud-native managed detection and response service introduced in March 2023.
They intend to promote cyber security and guard the most reputable infrastructures against persistent cyber threats.
BFSI applications are estimated to witness a high CAGR of 23.7% because of growing financial data breaks and cyberattacks.
The sector's expenditure on cybersecurity solutions is propelled by the requirement to shield purchaser info and obey data safety guidelines.
Rising digitalization and online payment trends contribute to the increasing need for cybersecurity solutions in BFSI.
North America dominates the managed detection and response market, projected to reach USD 8.1 billion by 2030.
The region has been leading this sector because of several macroeconomic policies favorable to growth and for incorporating state-of-the-art cybersecurity technology.
The competition between IT vendors, security breach record incidents, and digital transformation are responsible for the significant rise in market demand.
The United States is in the lead worldwide in Europe and the United States with an annual growth rate of 23.6 %, fuelled by the popularity of social media, mobile phones, and the Internet.
Mr Biden's Efforts; EDRI, coupled with others initiated in the region, propelled the region's growth in cybersecurity.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by service
- 1.4.2. Market size breakdown, by security type
- 1.4.3. Market size breakdown, by deployment
- 1.4.4. Market size breakdown, by organization size
- 1.4.5. Market size breakdown, by vertical
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Service (2017-2030)
- 6.3. Market Revenue, by Security Type (2017-2030)
- 6.4. Market Revenue, by Deployment (2017-2030)
- 6.5. Market Revenue, by Organization Size (2017-2030)
- 6.6. Market Revenue, by Vertical (2017-2030)
- 6.7. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Service (2017-2030)
- 7.3. Market Revenue, by Security Type (2017-2030)
- 7.4. Market Revenue, by Deployment (2017-2030)
- 7.5. Market Revenue, by Organization Size (2017-2030)
- 7.6. Market Revenue, by Vertical (2017-2030)
- 7.7. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Service (2017-2030)
- 8.3. Market Revenue, by Security Type (2017-2030)
- 8.4. Market Revenue, by Deployment (2017-2030)
- 8.5. Market Revenue, by Organization Size (2017-2030)
- 8.6. Market Revenue, by Vertical (2017-2030)
- 8.7. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Service (2017-2030)
- 9.3. Market Revenue, by Security Type (2017-2030)
- 9.4. Market Revenue, by Deployment (2017-2030)
- 9.5. Market Revenue, by Organization Size (2017-2030)
- 9.6. Market Revenue, by Vertical (2017-2030)
- 9.7. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Service (2017-2030)
- 10.3. Market Revenue, by Security Type (2017-2030)
- 10.4. Market Revenue, by Deployment (2017-2030)
- 10.5. Market Revenue, by Organization Size (2017-2030)
- 10.6. Market Revenue, by Vertical (2017-2030)
- 10.7. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Service (2017-2030)
- 11.3. Market Revenue, by Security Type (2017-2030)
- 11.4. Market Revenue, by Deployment (2017-2030)
- 11.5. Market Revenue, by Organization Size (2017-2030)
- 11.6. Market Revenue, by Vertical (2017-2030)
- 11.7. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Service (2017-2030)
- 12.3. Market Revenue, by Security Type (2017-2030)
- 12.4. Market Revenue, by Deployment (2017-2030)
- 12.5. Market Revenue, by Organization Size (2017-2030)
- 12.6. Market Revenue, by Vertical (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Service (2017-2030)
- 13.3. Market Revenue, by Security Type (2017-2030)
- 13.4. Market Revenue, by Deployment (2017-2030)
- 13.5. Market Revenue, by Organization Size (2017-2030)
- 13.6. Market Revenue, by Vertical (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Service (2017-2030)
- 14.3. Market Revenue, by Security Type (2017-2030)
- 14.4. Market Revenue, by Deployment (2017-2030)
- 14.5. Market Revenue, by Organization Size (2017-2030)
- 14.6. Market Revenue, by Vertical (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Service (2017-2030)
- 15.3. Market Revenue, by Security Type (2017-2030)
- 15.4. Market Revenue, by Deployment (2017-2030)
- 15.5. Market Revenue, by Organization Size (2017-2030)
- 15.6. Market Revenue, by Vertical (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Service (2017-2030)
- 16.3. Market Revenue, by Security Type (2017-2030)
- 16.4. Market Revenue, by Deployment (2017-2030)
- 16.5. Market Revenue, by Organization Size (2017-2030)
- 16.6. Market Revenue, by Vertical (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Service (2017-2030)
- 17.3. Market Revenue, by Security Type (2017-2030)
- 17.4. Market Revenue, by Deployment (2017-2030)
- 17.5. Market Revenue, by Organization Size (2017-2030)
- 17.6. Market Revenue, by Vertical (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Service (2017-2030)
- 18.3. Market Revenue, by Security Type (2017-2030)
- 18.4. Market Revenue, by Deployment (2017-2030)
- 18.5. Market Revenue, by Organization Size (2017-2030)
- 18.6. Market Revenue, by Vertical (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Service (2017-2030)
- 19.3. Market Revenue, by Security Type (2017-2030)
- 19.4. Market Revenue, by Deployment (2017-2030)
- 19.5. Market Revenue, by Organization Size (2017-2030)
- 19.6. Market Revenue, by Vertical (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Service (2017-2030)
- 20.3. Market Revenue, by Security Type (2017-2030)
- 20.4. Market Revenue, by Deployment (2017-2030)
- 20.5. Market Revenue, by Organization Size (2017-2030)
- 20.6. Market Revenue, by Vertical (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Service (2017-2030)
- 21.3. Market Revenue, by Security Type (2017-2030)
- 21.4. Market Revenue, by Deployment (2017-2030)
- 21.5. Market Revenue, by Organization Size (2017-2030)
- 21.6. Market Revenue, by Vertical (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Service (2017-2030)
- 22.3. Market Revenue, by Security Type (2017-2030)
- 22.4. Market Revenue, by Deployment (2017-2030)
- 22.5. Market Revenue, by Organization Size (2017-2030)
- 22.6. Market Revenue, by Vertical (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Service (2017-2030)
- 23.3. Market Revenue, by Security Type (2017-2030)
- 23.4. Market Revenue, by Deployment (2017-2030)
- 23.5. Market Revenue, by Organization Size (2017-2030)
- 23.6. Market Revenue, by Vertical (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Service (2017-2030)
- 24.3. Market Revenue, by Security Type (2017-2030)
- 24.4. Market Revenue, by Deployment (2017-2030)
- 24.5. Market Revenue, by Organization Size (2017-2030)
- 24.6. Market Revenue, by Vertical (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Service (2017-2030)
- 25.3. Market Revenue, by Security Type (2017-2030)
- 25.4. Market Revenue, by Deployment (2017-2030)
- 25.5. Market Revenue, by Organization Size (2017-2030)
- 25.6. Market Revenue, by Vertical (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Service (2017-2030)
- 26.3. Market Revenue, by Security Type (2017-2030)
- 26.4. Market Revenue, by Deployment (2017-2030)
- 26.5. Market Revenue, by Organization Size (2017-2030)
- 26.6. Market Revenue, by Vertical (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Service (2017-2030)
- 27.3. Market Revenue, by Security Type (2017-2030)
- 27.4. Market Revenue, by Deployment (2017-2030)
- 27.5. Market Revenue, by Organization Size (2017-2030)
- 27.6. Market Revenue, by Vertical (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Service (2017-2030)
- 28.3. Market Revenue, by Security Type (2017-2030)
- 28.4. Market Revenue, by Deployment (2017-2030)
- 28.5. Market Revenue, by Organization Size (2017-2030)
- 28.6. Market Revenue, by Vertical (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. CrowdStrike
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Rapid7 Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Red Canary Inc.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Arctic Wolf Networks Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Accenture plc
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Kudelski Group
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. SentinelOne Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Fortra LLC
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Binary Defense Systems Inc.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. IBM Corporation
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
